KUALA LUMPUR: The gold futures contract on Bursa Malaysia Derivatives closed lower today, mirroring the downtrend in the United States COMEX gold market. Spot month November 2024 dropped to US$2,673.00 per troy ounce from US$2,698.70 per troy ounce last Friday.

According to BERNAMA News Agency, contracts for December 2024, January 2025, February 2025, and April 2025 all settled lower at US$2,687.30 per troy ounce against US$2,712.10 previously. Trading volume increased to 23 lots from eight lots last week, while open interest rose to 44 contracts from 28 previously.

The London Bullion Market Association’s afternoon fix on November 22 indicated that the price of physical gold stood at US$2,694.95 per troy ounce.